Employer tax rates: Calculate SUTA, FUTA, and unemployment
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Sam's company's payroll for the year is $737,910. Of this amount $472,120 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate is Sam's Company's state is 2.9% on the first $7,000 for each employee's earnings Compute:
(a) Net FUTA tax $...
(b) Net SUTA tax $...
(c) Total unemployment taxes $...
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